# Chinese state companies buy US soybeans as Brazilian stock dissipates: sources

> Chinese state-owned soybean companies bought large volumes of US Gulf soybean cargoes on June 15 for September to January shipment. Sources said Brazil's old-crop supply is mostly sold out, making US beans more price competitive.

- Date: 2020-06-17 · published 2020-06-17T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52672-chinese-state-companies-buy-us-soybeans-as-brazilian-stock-dissipates-sources
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Chinese buying of US beans for late-2020 delivery supports US soybean export demand and prices while Brazilian supply tightens.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-09-24 | [US soybean demand firm on Chinese state-owned companies' purchases: sources](https://feedsoft.ai/events/50986-us-soybean-demand-firm-on-chinese-state-owned-companies-purchases-sources.md) | +0.9% | +5.7% |
| SOY | 2019-08-08 | [Chinese soybean buyers shy away from Brazilian cargoes as prices jump: traders](https://feedsoft.ai/events/57610-chinese-soybean-buyers-shy-away-from-brazilian-cargoes-as-prices-jump-traders.md) | +1.4% | +0.1% |
| SOY | 2023-07-17 | [China to buy more Brazilian soybeans for Q4 as U.S. crop suffers - traders \| Reuters](https://feedsoft.ai/events/14826-china-to-buy-more-brazilian-soybeans-for-q4-as-u-s-crop-suffers-traders-reuters.md) | +0.4% | -6.3% |
| SOY | 2026-08-01 | [Soybeans Drift as China Buying Awaited After US Tariff Statement](https://feedsoft.ai/events/14564-soybeans-drift-as-china-buying-awaited-after-us-tariff-statement.md) | -1.3% | +8.9% |
| SOY | 2020-05-14 | [China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global](https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global.md) | +1.3% | +3.6% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/061720-chinese-state-companies-buy-us-soybeans-as-brazilian-stock-dissipates-sources

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.